As per its European neighbours, Switzerland is intensifying its efforts to fight against VAT fraud, especially in the e-commerce industry. Starting from January 2025, new regulations will be implemented with…
From July1, 2024, olive oil will be added to the list of essential products taxed at a 0-rate during periods of inflation (4% under normal conditions).
From January1, 2024, VAT rates in Switzerland will increase : Standard VAT rate increases from 7.7% to 8.1%. Reduced VAT rate raised from 2.5% to 2.6 Special rate for lodging increases from 3.7% to 3.8%. To determine the rate applicable to the supply of goods and services, theactual date of delivery of the goods or performance...
Currently, foreign sellers carrying out taxable transactions in Switzerland must register for VAT in Switzerland when their worldwide turnover exceeds CHF 100,000. Switzerland plans to abolish this threshold as of January 2024. Companies will therefore have to register for VAT in Switzerland when they carry out taxable businesses there from the first euro.
Until 2025, the VAT special scheme for small enterprises (SME) was only meant for companies carrying out transactions in their home country. This measure allowed a company trading below a…
Currently, foreign sellers carrying out taxable transactions in Switzerland must register for VAT in Switzerland when their worldwide turnover exceeds CHF 100,000. Switzerland plans to abolish this threshold as of January 2024. Companies will therefore have to register for VAT in Switzerland when they carry out taxable businesses there from the first euro.
As of January 1st, 2024, VAT rates in Switzerland will increase:
Le taux de TVA standard passe de 7,7% à 8,1%
Le taux de TVA réduit passe de 2,5% à 2,6%
Le taux spécial pour l’hébergement passe de 3,7% à 3,8%
This measure was approved by the Swiss people during...
The Swiss tax authorities have published a practical manual on the tax obligations for foreign companies in Switzerland. This handbook covers aspects that generally affect foreign businesses, including a description of activities requiring VAT registration, possible exemptions in Switzerland and administrative advice on how to register and when to submit VAT returns. It also explains...
At the beginning of the COVID-19 pandemic, the Federal Council issued an ordinance providing for the waiver of late payment interest on taxes, incentive taxes and customs duties between March 20th and December 31st, 2020. As a result, the interest rate for late payment of VAT in effect during this period was 0%. As this...
From 1st January 2021, VAT returns can only be submitted electronically. Returns can either be submitted either via the “SuisseTax” platform or via “VAT return easy“.
